REC Group secures 45MW of module orders for Indian rooftop solar projects

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email

REC Group has secured orders for 45MW of solar modules to be installed at rooftop PV projects under the RESCO rooftop model in India, where the developer leases the rooftop system to the rooftop owner.

The orders from Indian companies Cleanmax Solar (16MW rooftop), Fourth Partner Energy (22MW open access) and SunSource (7MW rooftop) all came in June and July.

Nearly 40MW of the modules supplied will be REC’s TwinPeak 2S 72 Series, which include half-cut PERC cells and a twin-panel design that the company claims performs better under shaded conditions.

Rohit Kumar, head of India Subcontinent for REC, told PV Tech that out of 145MW supplied to India last year by REC Group, 60MW was in the rooftop space and 85MW in ground-mount. This year the company will have supplied 100MW by the end of the September out of which 70MW will be for rooftop projects.

Kumar added: “This year the sales are shifting towards rooftop so far, but all it takes is one utility to shift the balance and that changes quarter to quarter.”

Nonetheless he noted that the RESCO model is coming more into consideration in India, with the larger players signing more PPAs.

“The Indian market today is highly fragmented,” he added. “There's hundreds of players but consolidation is primarily happening at the RESCO level with Fourth Partner, CleanMax and another couple of companies leading the way.”

REC Group has headquarters in Norway and operational headquarters in Singapore.

Read Next

January 21, 2022
India is at risk of a supply and demand mismatch for solar equipment if domestic PV manufacturers are unable to meet the quantity and quality required by project developers, Fitch Solutions has warned.
January 13, 2022
Reliance Industries has signed a Memorandum of Understanding (MoU) with the government of Gujarat for a total investment of INR5.955 lakh crore (US$80 billion) over 10-15 years to establish 100GW of renewables and set up green technology manufacturing facilities in the state.
January 10, 2022
Indian renewables company ReNew Energy Global Plc’s wholly owned subsidiary India Clean Energy Holdings has raised US$400 million through a green bond sale that will be used to support the company’s growth strategy and “refinance existing high-cost debt”.
January 10, 2022
Indian conglomerate Adani Group has set up a new subsidiary focused on areas including manufacturing solar equipment and producing green hydrogen.
January 7, 2022
India’s state-owned National Hydroelectric Power Corporation (NHPC) has signed an agreement with the Green Energy Development Corporation of Odisha Ltd (GEDCOL) for the development of 500MW of floating solar projects in the eastern state of Odisha.
January 6, 2022
Renewables developer Hero Future Energies (HFE) has formed a partnership with electrolyser manufacturer Ohmium International to develop and build 1GW of green hydrogen plants across India, the UK and Europe.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
January 26, 2022
Free Webinar
Solar Media Events
February 23, 2022
London, UK
Solar Media Events
March 8, 2022
London, UK
Solar Media Events
March 23, 2022
Austin, Texas, USA
Solar Media Events
March 29, 2022
Lisbon, Portugal